FORM Options History — October 2024

In October 2024, FORM traded between $38.13 and $48.91. ATM implied volatility averaged 63.4%, placing in the 60.3% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 15.4% (HV 20d: 48.0%). Max pain ranged from $25.00 to $45.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.31.

Notable Days

  • 2024-10-29: Highest Volume — 2,767 contracts
  • 2024-10-31: Largest IV drop — 26.2% change
  • 2024-10-30: Highest IV Rank — 92.9%
  • 2024-10-30: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.80$38.13$48.91$44.19$38.13
Max Pain$43.26$25.00$45.00$25.00$45.00
ATM IV63.4%38.3%85.0%44.8%62.7%
Expected Move18.7%12.6%24.4%12.8%18.0%
HV 20d48.0%42.6%67.5%42.9%67.5%
HV 60d62.5%46.6%67.6%66.6%54.8%
IV Rank60.3%22.4%92.9%32.2%59.3%
IV Percentile79.5%19.4%99.6%44.0%81.3%
Term Structure-11.1%-32.5%23.9%23.9%-32.5%
VWIV63.0%31.8%84.7%31.8%47.0%
Skew 25d9.9%-30.3%36.1%0.7%-30.3%
Skew 10d11.6%-11.3%42.5%-8.2%-11.2%
Call IV 25d55.6%37.2%83.1%38.0%66.9%
Put IV 25d65.4%36.6%86.2%38.7%36.6%
Bid-Ask Spread %90.8381.86107.84107.8490.69
Gamma HHI0.300.230.600.230.28
Net GEX92.1K23.0K235.2K47.8K23.0K
Net DEX-2.0M-4.3M2.2M-1.0M2.2M
Net VEX-11.4K-22.8K-6.5K-7.3K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.003.320.003.32
Total Volume327.73912,7675609
Total OI3,229.0871,9456,8442,8866,844

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-10-01$44.19$25.0044.8%12.8%42.9%32.2%31.8%0.7%23.9%47.8K-1.0M-7.3K0.00107.84N/AN/A502,636250
2024-10-02$45.22$25.0043.8%12.6%43.6%30.7%0.0%-4.1%17.2%53.6K-1.1M-7.0K0.0099.53N/AN/A102,641250
2024-10-03$44.17$45.0038.3%17.2%44.2%22.4%61.4%4.2%-7.1%46.4K-912.6K-6.5K1.0092.68N/AN/A112,642250
2024-10-04$46.05$45.0045.2%16.3%44.0%32.8%59.8%18.0%-5.8%56.8K-1.2M-6.9K0.3691.65N/AN/A1452,643251
2024-10-07$45.78$45.0054.4%15.8%43.5%46.7%54.4%1.7%-2.1%55.1K-1.1M-6.8K0.50107.00N/AN/A632,629253
2024-10-08$46.51$45.0055.2%17.7%43.6%48.0%57.6%19.1%-8.9%58.6K-1.2M-7.0K0.0088.19N/AN/A30012,629252
2024-10-09$47.68$45.0057.5%16.5%42.6%51.3%62.9%6.7%-13.2%85.6K-2.1M-10.2K0.0287.90N/AN/A19642,895253
2024-10-10$46.13$45.0065.3%18.7%43.8%63.2%54.2%28.2%-12.1%89.8K-2.0M-11.1K0.0084.43N/AN/A12603,093254
2024-10-11$48.09$45.0063.9%18.3%45.2%61.0%65.5%-1.0%-9.7%108.9K-3.0M-13.4K0.2089.52N/AN/A3573,210254
2024-10-14$48.91$45.0066.5%19.1%42.6%65.1%66.8%11.4%-21.0%115.0K-3.1M-13.0K0.1082.86N/AN/A115113,195256
2024-10-15$45.06$45.0068.8%19.7%52.9%68.4%0.0%19.7%-10.8%95.1K-2.0M-11.6K0.5298.02N/AN/A63333,266264
2024-10-16$43.87$45.0070.2%20.1%53.8%70.6%44.2%25.3%-12.1%92.3K-1.6M-10.6K0.0093.36N/AN/A4803,276282
2024-10-17$44.17$45.0057.4%16.4%52.3%51.2%56.4%4.1%-2.5%98.7K-1.7M-10.8K0.0590.53N/AN/A3823,260283
2024-10-18$43.89$45.0070.1%20.1%51.4%70.4%69.4%-2.5%-16.1%72.8K-1.6M-10.4K0.2595.85N/AN/A80203,270285
2024-10-21$43.90$45.0071.1%20.4%51.4%71.9%66.0%15.1%-18.3%74.0K-1.3M-10.1K0.0084.42N/AN/A21301,714231
2024-10-22$43.80$45.0070.9%20.3%51.3%71.5%70.1%36.1%-16.9%82.7K-2.0M-12.6K0.0084.43N/AN/A47201,914231
2024-10-23$43.19$45.0078.2%22.4%51.5%82.7%78.5%33.9%-21.6%108.3K-2.6M-14.2K0.1292.00N/AN/A150182,307231
2024-10-24$43.66$45.0066.7%19.1%46.4%65.2%65.6%13.9%-11.3%113.8K-2.8M-14.5K0.0087.82N/AN/A4902,293249
2024-10-25$44.89$45.0066.7%19.1%47.4%65.3%70.4%8.1%-6.5%124.4K-3.3M-15.0K0.0591.93N/AN/A8042,290249
2024-10-28$44.11$45.0076.5%21.9%47.8%80.0%75.8%4.1%-20.1%116.0K-2.9M-14.0K0.0083.72N/AN/A50612,273253
2024-10-29$45.37$45.0079.0%22.7%46.8%83.9%81.1%13.6%-19.8%164.3K-4.3M-15.8K0.2782.86N/AN/A2,1745932,719254
2024-10-30$43.69$45.0085.0%24.4%48.0%92.9%84.7%1.1%-26.8%235.2K-4.3M-22.8K0.2981.86N/AN/A1,2073474,458837
2024-10-31$38.13$45.0062.7%18.0%67.5%59.3%47.0%-30.3%-32.5%23.0K2.2M-9.9K3.3290.69N/AN/A1414685,6641,180